As at December 23, 2018, a data analysis by Daily Trust has revealed that only 22 states of the federation have so far presented their budgets to their respective legislatures for consideration. The analysis revealed that Edo, Delta, Kaduna and Niger states have their budgets already passed and ready to commence implementation by January 2, […]
Author: Isaac Umunna
EFCC moves for interim forfeiture of Bankers Warehouse’s $2.8m
The Economic and Financial Crimes Commission, EFCC, Enugu Zonal Office, has filed a motion at a Federal High Court, Enugu, seeking an order for the interim forfeiture of the $2.8million seized from two men last week. Also filed is an affidavit of urgency for the matter to be heard on December 27, 2018, before a […]
Nigeria’s central bank says agreement with MTN ends legal case resolves dispute –statement
Nigeria’s central bank said on Monday that an agreement reached with MTN over allegations that the South African company illegally repatriated $8.1 billion would end legal proceedings and meant the matter had been resolved, it said in a statement. Earlier, MTN said the matter was resolved and it agreed to make a $53 million payment. […]
MTN says resolves Nigeria dispute makes $53 million payment
South Africa’s MTN Group has resolved a dispute with Nigeria’s central bank and made a $53 million payment, the telecoms company said in a message posted on Twitter on Monday. Nigeria’s central bank had said $8.1 billion in dividends paid by MTN Nigeria to its parent company between 2007 and 2015 and sent back to […]
Minimum Wage Delay: Labour Orders Nationwide Protest January 8
The Nigeria Labour Congress (NLC) has said that it would embark on a nationwide mobilisation of Nigerian workers to protest federal government’s delay in transmitting, enacting and implementing a new national minimum wage of N30, 000. The NLC also urged the Economic and Financial Crimes Commission EFCC to investigate allegations of diversion of the bailout […]
Tottenham Hotspur Whips Everton 4-0
Tottenham Hotspur showed why manager Mauricio Pochettino is a wanted man by thrashing Everton 6-2 at Goodison Park on Sunday to close to within six points of Premier League leaders Liverpool. Spurs have had to cope with the unwanted attention of Pochettino being linked with the Manchester United job following Jose Mourinho’s sacking this week. […]
Nigeria: University threaten not to honour FG’s meetings Over strike action
The Academic Staff Union of Universities (ASUU) says it may not honour further calls by Federal Government for a meeting on the way forward over the current strike by its members. The union’s National President, Prof. Biodun Ogunyemi, said this on the sideline of a news conference on the update of the union’s struggle to […]
Nigeria’s Unemployment Figure Frightening-Peter Obi
The vice presidential candidate of the Peoples Democratic Party (PDP), Mr. Peter Obi, has described the report of worsening unemployment situation in the country as very saddening. He said what is required at the moment is a complete change of approach to economic policies and a more aggressive effort to provide jobs for millions of […]
EFCC arrests 2 persons with $2.8m cash in suitcases
Two persons have been intercepted carrying $2.8million cash at Akanu Ibiam International Airport, Enugu. The men were arrested by the officials of the Economic and Financial Crimes Commission, Enugu Zone. The suspects, identified as Ighoh Augustine and Ezekwe Emmanuel, claimed to be workers of Bankers Warehouse. The EFCC said the two men concealed the cash […]